How This New Real Estate Trend Could Benefit You
Over the last twelve months, the pandemic created shock waves across the country, which had a huge knock-on effect on the real estate market.
To remedy the situation, the Bank of Canada (BoC) kept interests low, which created a housing boom. Consequently, the BoC has recently announced that it may not hike the interest rate until 2022, which is great news for home seekers.
Therefore, now is an excellent time to start looking out for a new property. With the rapid roll-out of COVID-19 vaccines and immigration set to reach an all-time high, it has brought further confidence that the economic situation will improve sooner rather than later.
However, there is not a lot of housing inventory, and the high demand is pushing up the price of real estate considerably in all major areas of Canada.
So if you’re planning to purchase a property and benefit from the low interest rate, I recommend that you act quickly before it’s too late. Not sure how? For mortgage guidance, pick up the phone and get in contact with me today.
With many years of experience, Darrell Alexander- Mortgage Broker, will help you get a low-interest rate. As an experienced mortgage broker in Lethbridge, Alberta, I have access to over fifty banks and lenders, allowing me to offer the best rates and mortgage conditions.
My mortgage services include pre-approvals, refinancing, renewals, first-time homebuyer mortgages, investment property mortgages, rental properties, CHIP Reverse Mortgages, and private lending. I also arrange a COVID-19 friendly credit application and electronic signing for my clients.
I serve clients across Lethbridge, Coaldale, Picture Butte, Fort MacLeod, Raymond, Magrath, and all provinces and territories of Canada.